It is absolutely imperative that we get the American people to understand that the Fed is at the very heart of our economic problems. It is a
system of money that was created by the bankers and that operates for the benefit of the bankers. The American people like to think that we have a
“democratic system”, but there is nothing “democratic” about the Federal Reserve. Unelected, unaccountable central planners from a private
central bank run our financial system and manage our economy. There is a reason why financial markets respond with a yawn when Barack Obama says
something about the economy, but they swing wildly whenever Federal Reserve Chairman Ben Bernanke opens his mouth. The Federal Reserve has far more
power over the U.S. economy than anyone else does by a huge margin. The Fed is the biggest Ponzi scheme in the history of the world, and if the
American people truly understood how it really works, they would be screaming for it to be abolished immediately. The following are 25 fast facts
about the Federal Reserve that everyone should know…

#1 The greatest period of economic growth in U.S. history was when there was no central bank.

#2 The United States never had a persistent, ongoing problem with inflation until the Federal Reserve was created. In the century before the Federal
Reserve was created, the average annual rate of inflation was about half a percent. In the century since the Federal Reserve was created, the average
annual rate of inflation has been about 3.5 percent, and it would be even higher than that if the inflation numbers were not being so grossly
manipulated.

#3 Even using the official numbers, the value of the U.S. dollar has declined by more than 95 percent since the Federal Reserve was created nearly 100
years ago.

#4 The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator
Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the Wall
Street banking establishment.

#5 In 1913, Congress was promised that if the Federal Reserve Act was passed that it would eliminate the business cycle.

#6 The following comes directly from the Fed’s official mission statement: “To provide the nation with a safer, more flexible, and more stable
monetary and financial system. Over the years, its role in banking and the economy has expanded.”

#7 It was not an accident that a permanent income tax was also introduced the same year when the Federal Reserve system was established. The whole
idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.

#8 Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.

#9 If you can believe it, there have been 10 different economic recessions since 1950. The Federal Reserve created the “dotcom bubble”, the
Federal Reserve created the “housing bubble” and now it has created the largest bond bubble in the history of the planet.

#10 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last
financial crisis. The following is a list of loan recipients that was taken directly from page 131 of the report…

#11 The Federal Reserve also paid those big banks $659.4 million in fees to help “administer” those secret loans.

#12 The Federal Reserve has created approximately 2.75 trillion dollars out of thin air and injected it into the financial system over the past five
years. This has allowed the stock market to soar to unprecedented heights, but it has also caused our financial system to become extremely
unstable.

#13 We were told that the purpose of quantitative easing is to help “stimulate the economy”, but today the Federal Reserve is actually paying the
big banks not to lend out 1.8 trillion dollars in “excess reserves” that they have parked at the Fed.

#14 Quantitative easing overwhelming benefits those that own stocks and other financial investments. In other words, quantitative easing
overwhelmingly favors the very wealthy. Even Barack Obama has admitted that 95 percent of the income gains since he has been president have gone to
the top one percent of income earners.

#15 The gap between the top one percent and the rest of the country is now the greatest that it has been since the 1920s.

#16 The Federal Reserve has argued vehemently in federal court that it is “not an agency” of the federal government and therefore not subject to
the Freedom of Information Act.

#18 The regional Federal Reserve banks issue shares of stock to the “member banks” that own them.

#19 The Federal Reserve system greatly favors the biggest banks. Back in 1970, the five largest U.S. banks held 17 percent of all U.S. banking
industry assets. Today, the five largest U.S. banks hold 52 percent of all U.S. banking industry assets.

#20 The Federal Reserve is supposed to “regulate” the big banks, but it has done nothing to stop a 441 trillion dollar interest rate derivatives
bubble from inflating which could absolutely devastate our entire financial system.

#21 The Federal Reserve was designed to be a perpetual debt machine. The bankers that designed it intended to trap the U.S. government in a perpetual
debt spiral from which it could never possibly escape. Since the Federal Reserve was established nearly 100 years ago, the U.S. national debt has
gotten more than 5000 times larger.

#22 The U.S. government will spend more than 400 billion dollars just on interest on the national debt this year.

#23 If the average rate of interest on U.S. government debt rises to just 6 percent (and it has been much higher than that in the past), we will be
paying out more than a trillion dollars a year just in interest on the national debt.

#24 According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin Money,
regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. So exactly why is the Federal Reserve doing it?

#25 There are plenty of possible alternative financial systems, but at this point all 187 nations that belong to the IMF have a central bank. Are we
supposed to believe that this is just some sort of a bizarre coincidence?

The Committee's members come from Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy,
Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, the United
Kingdom and the United States. The Committee's Secretariat is located at the Bank for International Settlements (BIS) in Basel, Switzerland. However,
the BIS and the Basel Committee remain two distinct entities.[4]

Woodrow 'the treasonous' Wilson gave the unfed up to them in 1913 and gee - the strong arm of the gold collar scum that own it started their
enforcement agency in 1914.
the unfederal b.s. bank of the nations and the vermin that run the beast have done nothing but rob folks of their lively hoods - visavis taxes and
inflation.

'Ol hickory was shot a couple of times but removed the '...den of vipers...' and put the nation on a debt free course - which he accomplished.
Abraham Lincoln was assassinated - possibly - for starting the U.S. on it's own bank - he didn't like the amount of interest - the world banking
cartel wanted.
JFK - was printing U.S. silver certificates - RIP - bring back E/O 11110.

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of
credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst
ruled, one of the most completely controlled and dominated Governments in the civilized world - no longer a Government by free opinion, no longer a
Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”

I'm certainly not a "fan" of the Fed. However, let me play devil's advocate on this issue.

Every single aspect of economic malady that is blamed on the Fed exists in every country out there and they don't have a "Fed".

Inflation/printing of fiats that are worthless. Manipulated interest rates....all of them exist everywhere.

Therefore, the "Fed" is not the source of our troubles.

Here's an example. The noise is almost none stop regarding the U.S. printing (what?) a billion dollars a month or so of money without a matching
increase in the G.N.P.-obviously, that creates inflation- yet the other currencies basically have stayed in lock-step with the U.S. dollar??

How is that?

The answer is obvious. The rest of the countries are doing the same thing. Printing money.

Yes, it can be argued that if they didn't, the balance would be thrown out of kilter and the worlds economic system would be destroyed. Or at least,
severely damaged.

Japan, for example, are printing the yen at some estimates 2-4 times faster than the U.S.. Largely to lower the cost of importing Japanese products,
increase their exports and get their P.M. re-elected.

It worked.

The price will be paid for this policy down the road by Japan.

Pushing payback down the road is the mantra of all Gov'ts. It doesn't really matter if there's a "Fed" or not.

It's the mentality that's in vogue world-wide-who cares where it started or the source of it, that's not germane- therefore, it is clear to me at
least that the cacophony about the Fed is irrelevant, disingenuous and helps the situation not one wit.

Few of these facts (mixed liberally with interpretation) are interesting, but a few are noteworthy...

#1 The greatest period of economic growth in U.S. history was when there was no central bank.

Perhaps true, but irrelevant. The US's economic growth was due to rapid colonization and exploitation of arable land, followed by industrialization.
The central banks, or absence thereof, had little to do with those factors.

#2 The United States never had a persistent, ongoing problem with inflation until the Federal Reserve was created.

Perhaps true, but the US did have persistent, ongoing problems with bank failures. Would you rather deal with a couple percentage points of inflation,
or the risk of your wildcat money becoming completely worthless?

#3 Even using the official numbers, the value of the U.S. dollar has declined by more than 95 percent since the Federal Reserve was created nearly
100 years ago.

Only a problem for people who keep all their wealth in cash, or workers who are unable to negotiate a raise or COLA over several years.

#10 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last
financial crisis. The following is a list of loan recipients that was taken directly from page 131 of the report…

They weren't very secret, if they were in an official government report.

#16 The Federal Reserve has argued vehemently in federal court that it is “not an agency” of the federal government and therefore not subject
to the Freedom of Information Act.

A statement without meaning. There is no legal person called "the Federal Reserve" which can argue in court. There's the Federal Reserve System,
which comprises government and non-government entities. The Board of Governors of the Federal Reserve is a government agency and subject to FOIA. I
think the Open Market Committee is an agency under FOIA, too; it at least maintains a FOIA request form. The twelve Federal Reserve Banks are
government corporations, not government agencies, and are not subject to FOIA.

#24 According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin
Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. So exactly why is the Federal Reserve doing
it?

The Federal Reserve does not coin money, or fix the standards of weights and measures. You can interpret the Fed's actions as "regulating the value
of money," I suppose. It exercises this power under authority delegated to it by Congress. Did you really think the Article I, Section 8 powers are
non-delegable? Do you think 535 members of Congress sit down and hold a vote every time a book is copyrighted, or an Army Regulation is needed?

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